In yesterday’s Wall Street session, Zim Integrated Shipping Services Ltd (NYSE:ZIM) shares traded at $19.55, down -1.31% from the previous session.
ZIM stock price is now -11.40% away from the 50-day moving average and 13.05% away from the 200-day moving average. The market capitalization of the company currently stands at $2.35B.
With the price target maintained at $25, Jefferies recently Downgraded its rating from Buy to Hold for Zim Integrated Shipping Services Ltd (NYSE: ZIM). , while ‘Citigroup’ rates the stock as ‘Sell’
In other news, Kenon Holdings Ltd., 10% Owner bought 14,843,478 shares of the company’s stock on Nov 22 ’24. The stock was bought for $359,657,472 at an average price of $24.23. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Officer Ben-Amram Eyal bought 10,000 shares of the business’s stock. A total of $267,800 was incurred on buying the stock at an average price of $26.78. A total of 17.55% of the company’s stock is owned by insiders.
During the past 12 months, Zim Integrated Shipping Services Ltd has had a low of $6.70 and a high of $29.00. As of last week, the company has a debt-to-equity ratio of 1.49, a current ratio of 1.33, and a quick ratio of 1.26. According to the stock market information, the enterprise value for the company is $7259687936, which is based on a 1.64 price-to-earnings ratio, a 0.06 price-to-earnings-growth ratio, and a beta of 1.71. The fifty day moving average price for ZIM is $22.9634 and a two-hundred day moving average price translates $17.9354 for the stock.
The latest earnings results from Zim Integrated Shipping Services Ltd (NYSE: ZIM) was released for 2024-06-30. The net profit margin was 19.26% and return on equity was 44.28% for ZIM. The company reported revenue of $2.77 billion for the quarter, compared to $1.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 117.22 percent.
